Bid for Navitas

In a big vote of confidence in the international education business,  Navitas founder Rod Jones wants to take the HE services provider private. He has joined with BGH Capital and Australian Superannuation in a bid for the company.  Aus Super now holds 5 per cent of Navitas and Mr Jones 12.5 per cent. The offer is  $5.50 cash per share, a 26 premium on the closing price before the offer was made, or a combination of cash and shares in a new company.  Navitas revenues were $930m in 2017-18, down from $955m and $1010m in the two preceding years. The Navitas Board says it is reviewing the bid.


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